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  "documentTitle": "Howard Hughes Corporation (HHC)",
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  "authorName": "William Ackman",
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      "text": "Like The Irvine Ranch, in light of the complexity and long-term nature of HHC’s assets, HHC is difficult to value",
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      "text": "GAAP accounting does not explain the true economics of the business\nShort-term cash flows do not reflect the long-term economics of the business\nBook values of assets do not reflect fair values",
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